yes the CEO may hang for making this statement .
what percentage of the $350million in inventories will be released as a result of the termination of the Chemist warehouse contract ?. Let's be generous : 40% . so there's $140million.
So, where's the remaining $160m ? The debtors .
But what does Sigma owe to the suppliers[ the pharmas ] for the stock they - Sigma- sell to Chemist Warehouse ?
No, I don't see $300 million.
I'm expecting that CEO will have some explaining to do soon.
They're going to hang him anyway.
Ann: Trading Update, page-84
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